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The balance sheet for Chevelle Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Market Value Balance Sheet Cash
The balance sheet for Chevelle Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,900 Equity $ 474,900 Fixed assets 430,000 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Total $ 474,900 Total $ 474,900 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- The company has declared a dividend of $1.80 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Round your answer to 2 decimal places. (e.g., 32.16)) Stock selling price $ per share Ignoring any tax effects, what will it sell for tomorrow? (Round your answer to 2 decimal places. (e.g., 32.16)) Stock selling price $ per share Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? Balance Sheet Cash $ Equity $ Fixed assets Total $ Total $
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